Giovanni Ferrero, the man behind Nutella and Ferrero Rocher, has been on a shopping spree. Over the past decade, he's snapped up 21 companies across nine countries, turning his family's Italian candy business into a global food giant. The latest addition to his empire? WK Kellogg, the company behind Froot Loops and Corn Flakes, bought for a cool $3. 1 billion. Ferre...
The NFL has given the green light for its players to join the flag football event at the 2028 Los Angeles Olympics. This decision came after a unanimous vote from NFL owners, showing strong support for the idea. The vote was a landslide, with all owners backing the proposal. This means that each NFL team can send one player to represent their country in the Olympics....
A big win for Elon Musk's SpaceX. Saudi Arabia has given the thumbs up to Starlink. This means that the satellite internet service can now operate in the country. The news was shared by Musk himself during a visit by former U. S. President Donald Trump to the kingdom. The announcement was made at the Saudi-U. S. Investment Forum. Musk mentioned that Starlink would b...
Robinhood is making waves in Canada's crypto world. They recently announced a deal to buy WonderFi, a major player in the Canadian crypto market, for about 178. 56 million dollars. This move is part of Robinhood's plan to grow bigger in the global crypto scene. WonderFi runs two big crypto platforms: Bitbuy and Coinsquare. Together, they handle over 2. 1 billion dol...
CATL, a major player in the electric vehicle (EV) battery industry, is making waves with a significant financial move. The company is planning to raise at least $4 billion through a share sale in Hong Kong. This is set to be the largest share sale in Hong Kong this year. The shares will be priced this week and will start trading on May 20. A prospectus filed with the...
CATL, the world's leading maker of electric vehicle (EV) batteries, is making a bold move. They're planning to list on the Hong Kong stock exchange. This isn't their first time at the rodeo, though. They already raised a whopping $6. 7 billion in an IPO on China’s Shenzhen exchange back in 2022. This time around, they're aiming to raise at least $5 billion. ...
Webtoon Entertainment, through its Japanese subsidiary LINE Digital Frontier, has made its first investment in a Japanese studio. The lucky recipient is No. 9, a prominent webcomic and manga studio based in Tokyo. This strategic move is aimed at boosting Webtoon's content pipeline in Japan, which is currently their fastest-growing market. No. 9, founded in 2016, is ...
Imagine stepping into a cinema and being engulfed in a vibrant, real-life movie experience. This isn't science fiction—it's the reality brought to you by LED screens. While LED technology has been around, the high costs kept it out of reach for many. Enter Chinese companies like China Film Global Technology Limited, Huaxia Leyard, and others. They've been making big ...
In a big business move, Gersh has snapped up You First, a major player in the world of sports and entertainment agency. This acquisition is a game-changer for Gersh, as it doubles its workforce to over 600 employees and sets up shop in 22 offices across 14 countries. The goal? To create new opportunities for clients in both sports and entertainment by combining the s...
A year has passed since Prime Video and the Russo brothers teamed up to create the Citadel franchise. Now, the first spinoff, Citadel: Diana, is set to debut. Unlike the original series, which starred Priyanka Chopra and Richard Madden, Citadel: Diana shifts the focus to Italy and features renowned European actors. Matilda De Angelis plays the lead role, Diana Cavali...